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- philmcgrew replied Nov 20, 2007
That's pretty funny. I just got a PM fron a Venezuelan gentleman who had this to say: hahaha, you dont have any money or wealth you just create money printed out of air and thats why you are so troubled right now. the world is starting to realize ...
- philmcgrew replied Nov 12, 2007
I assume this was said in jest and that you know fact from fiction. Here's a fun fact for the day: coal plants emit more radiation then nuclear power plants.
- philmcgrew replied Nov 12, 2007
Since April of this year the USD has dropped 15% while oil rose 41%. So you can't completely blame the USD for the price of oil. Supply and demand has not changed over the near term (long term definitely) so clearly, something else makes oil move. ...
- philmcgrew replied Nov 11, 2007
Why do you think oil moves inversely to the dollar? Which one is the tail and which is the dog?
- philmcgrew replied Nov 11, 2007
Markam, don't get so excited by the thought of a global economic collapse because it isn't going to happen. The best case scenario, albeit painful, would be for high prices to advance the research for alternate power sources such as nuclear, wind, ...
- philmcgrew replied Nov 9, 2007
If you're long product you can sell futures against it and lock in your profits. Or buy puts and make a synthetic call.
- philmcgrew replied Nov 9, 2007
I'm not seeing that on the chart. Even if there was a selloff at $70 was it because it hit a meaningless round number or was there a fundamental reason?
- philmcgrew replied Nov 9, 2007
Probably about the same massive selloff we experienced when oil hit 60-70-80-90 and when the EURUSD hit 1.34-1.35-1.36-1.37-1.38-1.39-1.40-1.41-1.42-1.43-1.44-1.45-1.46. There wasn't one.
- philmcgrew replied Nov 7, 2007
I'm not going to debate someone who doesn't understand why the US stock market is near all time highs, thinks the next president will end the war quickly, and doesn't see how a weak USD could benefit America. I didn't see Singapore on the list of ...
- philmcgrew replied Nov 6, 2007
Can you explain how the president caused a decline in the USD and how that will suddenly reverse a year from now when we elect a new one?
- philmcgrew replied Nov 5, 2007
It's about time it hit $800. I remember buying my class ring in 1982 when it was over $800, maybe i can sell it for breakeven some day soon (seemed like a good idea at the time). I'm not the forum police or the 1KT bully. I've always stated that I ...
- philmcgrew replied Oct 29, 2007
TradeStation
- philmcgrew replied Oct 16, 2007
I don't. I blame Nancy Pelosi If only there were a way to convert that to USD...hmmm
- philmcgrew replied Oct 16, 2007
Any of you cats want to update your oil predictions? CLX07 has gone up $6 bbl since this thread was started 2 weeks ago. Full service aviation gas is $5.27/gal at my airport
- philmcgrew replied Oct 3, 2007
I remember arguing with a stock broker friend about whether the Dow could break 2500. In that regard, $100 oil will sound like a silly arugement a couple years from now.
- philmcgrew replied Oct 2, 2007
Nader, I certainly agree with you that there is a move to gold and silver for many of the same reasons you stated. Those commodities are traditionally safe havens in times of uncertainty. I do question why someone would exchange USD for CL as a way ...
- philmcgrew replied Oct 2, 2007
People are buying oil because it's safer than the US Dollar? How many funds did you poll to come up with that idea? I thought commodities went up due to supply and demand all this time.
- Posts by Member Search: 'philmcgrew'